Course Description:

The seminar participants will help an R&D manager determine which project(s) to fund. A current R&D project is fairly far along in its development when a new technology is discovered that could make the current project obsolete. The R&D manager has to decide what to do. The class acts as his consultant as to the best approach. In helping the R&D manager, the participants will learn how to analyze and make a decision on R&D type problems. Come prepared to provided needed consultation to the R&D manager.

Course Objectives:

At the completion of this course the participant will be able to:
• Understand R&D problems
• Graphically represent an R&D problem
• Understand decision trees and do simple calculations
• Make a Quality Decision

Intended Audience:
• R&D Managers
• R&D Professionals
• Engineering Managers
• Engineering Professionals

Course Duration: 4 hours

Student Enrollment: Minimum 6, Maximum 20

Delivery Method: Instructor-led Classroom

Course Evaluation: Level 1

Competency:
Functions: R&D and Engineering